ATTACHMENT #2
RESOLUTION NO.
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF THOUSAND OAKS, CALIFORNIA, TO
AUTHORIZE AND APPROVE POOLING OF SELF-
INSURANCE THROUGH THE EXCESS LIABILITY
PROTECTION PROGRAM OF THE CALIFORNIA
JOINT POWERS INSURANCE AUTHORITY
WHEREAS, pursuant to the provisions of Section 6500 et seq. and also Sections 990.4 and 990.8 of the California Government Code, the California Joint Powers Insurance Authority (“California JPIA”) was created in 1977; and WHEREAS, the City of Thousand Oaks has executed the Joint Powers Agreement to become a member of the California JPIA; and WHEREAS, the California JPIA has established and administered a successful Liability Self-Insurance and Loss Pooling Program since April 1, 1978.
NOW, THEREFORE, the City Council of the City of Thousand Oaks, California, does hereby resolve as follows:
SECTION 1. Liability coverage for the City of Thousand Oaks through the Excess Liability Program of the California JPIA is hereby authorized and directed, effective July 1, 2026, for a minimum commitment period of three years, pursuant to the terms of the Excess Liability Program Memorandum of Coverage in effect at the time of any occurrence covered by the Memorandum of Coverage.
SECTION 2. An initial annual contribution of $1,082,000, or such pro- rata part thereof as the California JPIA might determine for coverage of less than a fiscal period, for the Excess Liability Protection Program is approved and the City Manager of the City of Thousand Oaks, or the City Manager’s designee, is hereby authorized to pay the same to the California JPIA.
SECTION 3. The City of Thousand Oaks will subsequently be required to make deposits and deposit adjustments as provided in the California JPIA Joint Powers Agreement.
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SECTION 4. The City Clerk shall certify to the adoption of this resolution.
SECTION 5. That the City Clerk is directed to forward a certified copy of this Resolution to the California JPIA, 8081 Moody Street, La Palma, CA 90623.
PASSED AND ADOPTED this 23 rd day of June 2026, by the following vote:
Ayes:
Noes:
Absent:
______________________________
Mikey Taylor, Mayor
City of Thousand Oaks, California
ATTEST/CERTIFY:
_______________________________
Laura B. Maguire, City Clerk
DATE Attested:___________________
APPROVED AS TO FORM:
Office of the City Attorney
_______________________________
Tracy M. Noonan, City Attorney
APPROVED AS TO ADMINISTRATION:
_______________________________
Andrew P. Powers, City Manager
The presence of electronic signature certifies that the foregoing is a true and correct copy as approved by the City of Thousand Oaks City Council on the date cited above.